In the name of Allah, the Most Gracious, the Most Merciful
Dear Shareholders,
Peace, mercy, and blessings of Allah be upon you.
On my own behalf and on behalf of my fellow members of the Board of Directors and the Executive Management, I am pleased to welcome you to the General Assembly meeting of the company. I thank you for your attendance and appreciate your interest, and I am pleased to present to you the annual report for the fiscal year ending 31 December 2025.
Dear Shareholders,
The financial results achieved by the company during 2025 demonstrate the strength of its financial position, the quality of its investments, and the efficiency of its operations. The company is committed to move forward in achieving its objectives through steady and well-considered steps aimed at maximizing shareholder value and profit growth. The year 2025 was a continuation of the sound approach the company has been following, thanks to Allah and the efforts of the esteemed members of the Board of Directors, the Executive Management, and all company employees.
We summarize for you the achievements during the year ending 31 December 2025.
The year 2025 witnessed a good performance for the company by achieving a best rate in the total operating profit, as the company's consolidated sales amounted to 13,318,913 KD, compared to sales amounting to 13,244,587 KD for the previous year.
The total operating profit for the current period amounted to KD 1,900,633, compared to KD 2,204,117, in the light of intense competition both within and outside Kuwait and the gradual increase in global material prices.
The company's consolidated net profit for the fiscal year ending 31 December 2025, reached KD 711,052, compared to KD 1,164,887 for the same period of the previous year.
Despite the general economic slowdown witnessed last year at the regional level due to political unrest and its impact on the 2025 financial results, Shuaiba Industrial Company exerted every effort to maintain its achievements.
Also, the earnings per share for the fiscal year ending 31/12/2025, amounted to 7.17 fils per share, compared to 11.74 fils per share for the previous year.
Note that the book value per share is 184 fils for 2025, compared to 190 fils per share for the previous year.
The total assets had reached KD 23,524,353, compared to KD 25,768,046 for the same period of the previous year.
The shareholders' equity had reached KD 18,283,693, compared to KD 18,823,135 for the same period of the previous year.
The company produced and manufactured 21,514 tons this year. On other side, exports continue to represent 52% of the company's total sales for 2025, a matter that management is keen to strengthen by maintaining its market share despite intense competition.
Thus, during 2025, the management focused on marketing its small bag production lines (primarily in the food sector) in Kuwait and the GCC countries, while also proactively entering other markets.
Dear Shareholders,
The Board of Directors has decided to recommend to the General Assembly the approval of a dividend distribution to shareholders registered in the company's records at the end of the entitlement date, which is 15 working days. The dividends will be distributed to shareholders 5 working days later, after deducting treasury shares. Note that this recommendation is subject to the approval of the relevant authorities and the company's General Assembly, and is structured as follows:
In conclusion, my fellow Board members and I extend our sincere thanks and appreciation to everyone who has contributed to the development of the company's performance, including the executive management and all employees. The company, its clients, suppliers, and all those who contributed to the company's achievements in 2025, ask Allah Almighty to always live up to the expectations of our esteemed shareholders. We look forward to a more positive, growing, and prosperous 2026.
Saleh Omran Abdullah Kanaan
Chairman of the Board
